The more i read the more i are convinced there is a HIGH possibility that all the Jindal talk is about Marampa.
Just a few paragraphs and thoughts below.....
"Jindal’s investment in the region will involve building a transport line and developing a port, and the iron ore supplies will feed its factories in Oman and back home, Executive Director Manish Kharbanda said in an interview last week, without identifying the seller. The spending will be staggered over a period of time, he said."
------------------------------------------------------- QUOTE : "Jindal’s investment in the region will involve building a transport line and developing a port."
THOUGHTS: Stage 2 does require building a Concentrate Pipeline (Transport Line). Says nowhere that it is a Trainline.
Taragin Deep water Port needs development.
Stage 2 - 13.2Mtpa concentrate pipeline - Dewatering, stockpile, reclaim - Direct ship loading for up to 15.2Mtpa at proposed Tagrin deep water port
QUOTE: "The spending will be staggered over a period of time, he said."
THOUGHTS: News reports are saying in excess of $2Billion. Possibly talking about Mine Purchace cost ie. $500 Million plus Costs of Satge 1 and Stage 2.
"uncertainty about the estimated RESERVES, lack of infrastructure to ship iron ore"
THOUGHTS: Definatly alot of uncertinty of the RESERVES in the Marapma deposits. However alot of potential upside in my view.
And the mention of "RESERVES" which Marampa has 4. ROTRET,MATUKIA, GAFAL, MAFURI.
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No director buying last couple of days. So maby some news soon... Driving us all a little crazy. MCC news would be handy aswell considering was in court again recently.
Any other thoughts????
Onthenose
CFE Price at posting:
27.5¢ Sentiment: Hold Disclosure: Held
